In: Accounting
Danner Company expects to have a cash balance of $45,900 on
January 1, 2020. Relevant monthly budget data for the first 2
months of 2020 are as follows.
| Collections from customers: January $86,700, February $153,000. |
| Payments for direct materials: January $51,000, February $76,500. |
| Direct labor: January $30,600, February $45,900. Wages are paid in the month they are incurred. |
| Manufacturing overhead: January $21,420, February $25,500. These costs include depreciation of $1,530 per month. All other overhead costs are paid as incurred. |
| Selling and administrative expenses: January $15,300, February $20,400. These costs are exclusive of depreciation. They are paid as incurred. |
Sales of marketable securities in January are expected to realize
$12,240 in cash. Danner Company has a line of credit at a local
bank that enables it to borrow up to $25,500. The company wants to
maintain a minimum monthly cash balance of $20,400.
Prepare a cash budget for January and February.
In: Accounting
Martin Company expects to have a cash balance of $135,100 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows:
| ● | Collections from customers: January $249,800, February $442,100. | |
| ● | Payments for direct materials: January $156,600, February $246,700 | |
| ● | Direct labor: January $91,700, February $136,600. Wages are paid in the month they are incurred. | |
| ● | Manufacturing overhead: January $61,700, February $75,200. These costs include depreciation of $4,900 per month. All other overhead costs are paid as incurred. | |
| ● | Selling and administrative expenses: January $44,600, February $59,300. These costs are exclusive of depreciation. They are paid as incurred. | |
| ● | Sales of marketable securities in January are expected to realize $35,200 in cash. Martin Company has a line of credit at the local bank that enables it to borrow up to $74,700. The company wants to maintain a minimum monthly cash balance of $59,300. |
(a)
Prepare a cash budget for January and February.
In: Accounting
Danner Company expects to have a cash balance of $53,100 on
January 1, 2020. Relevant monthly budget data for the first 2
months of 2020 are as follows.
| Collections from customers: January $100,300, February $177,000. |
| Payments for direct materials: January $59,000, February $88,500. |
| Direct labor: January $35,400, February $53,100. Wages are paid in the month they are incurred. |
| Manufacturing overhead: January $24,780, February $29,500. These costs include depreciation of $1,770 per month. All other overhead costs are paid as incurred. |
| Selling and administrative expenses: January $17,700, February $23,600. These costs are exclusive of depreciation. They are paid as incurred. |
Sales of marketable securities in January are expected to realize
$14,160 in cash. Danner Company has a line of credit at a local
bank that enables it to borrow up to $29,500. The company wants to
maintain a minimum monthly cash balance of $23,600.
Prepare a cash budget for January and
February.
In: Accounting
Greetings, I just got back from lunch with Suzy. Remember her? Not the one from accounting, the one who lobbies for us in Washington. Well anyway, she said there’s a bill moving through Congress that will reform the payment structure the government uses for Medicare. It actually doesn’t directly affect us at all, but Suzy was saying that bills like this are a great opportunity to slip in some “favors” that might benefit us. The idea is to get a friendly Congressman or Senator to add an amendment to the bill that would allocate $25,000,000 in tax breaks to any pharmaceutical companies headquartered in a county that has been affected by a hurricane in the last 3 years. The $25,000,000 would be split equally among all eligible companies that apply. Of course, it doesn’t hurt that we’re the only company that meets the eligibility criteria! :) I feel a little dirty pursuing this idea, especially since the hurricane didn’t really end up affecting us at all, but hey it did affect Orange County. Anyway, this isn’t illegal and we have to do what’s best for the company, right? You’re old friends with Joe Schmoe, aren’t you? As in the husband of Mrs. Schmoe, the Congresswoman from Georgia’s 4th district? Would you mind terribly giving him a call and seeing if you could push this? We do make regular contributions to Mrs. Schmoe, so I expect your call will be returned. Thanks a ton!
Explain what rent seeking by firms is, why it is bad, and how it can be counteracted. When is rent seeking most likely to happen? Can you find a measure of how large a problem it is? Be sure to include examples of actual rent seeking behavior by firms.
In: Economics
The CEO of California Life Insurance Company is intentional to craft and clearly define the firm’s strategy as one that will result in nothing less than 60% of market share in the group benefits sector of the U.S. life insurance industry. Which of the following reasons why firms need strategy is present in this scenario?
a. Strategy as target
b. Strategy as philanthropy
c. Strategy as decision support
d. Strategy as coordinating device
In: Operations Management
Scenario # 2 : Chicken International Group
You are the CEO of a chicken-processing company. The Vice
President of marketing informs you that if you label your chicken
as “free range” you can charge 20% more and greatly improve profit
margins.
You find out that all that needs to be done to legally use the term
“free range” is to open the door to the hen house for 5 minutes a
day. This provides the chickens with access to the outdoors when,
in fact, very few chickens will wander out when the door is open
for 5 minutes. Moreover, the term “free range” may be used
regardless of space per chicken, number of chickens, or amount of
time spent outside.
700 word minimum
1. What is the ethical dilemma or issue?
2. Identify and discuss at least 3 alternatives (options) that the
company could consider. For each option
indicate if it is legal and ethical, probably legal, but unethical,
or illegal, and unethical.
3 What are your recommendations? In other words,
of the several alternatives you identified, what do you think the
company should do?
4 What is your rationale for your recommendations?
In other words, why do you recommend this course of action?
In: Economics
As the new financial manager of your company, the CEO has asked you to provide a brief analysis of the company’s performance to present at the upcoming board of directors meeting. The CEO has asked that you assess the company’s performance against your company’s industry. Thus, to do this, you will need to use ratio analysis or other techniques to determine areas in which the company is doing well, as well as areas that management should look at.
( you can pick the company)Determine which company you will analyze. As such, be sure that the company has debt on its balance sheet, as this will be a requirement for future projects.
Go to the website for your company and download the 10-K report for the most recent year.
Perform your ratio analysis on your company:
A good place to start would be to perform a complete DuPont analysis of the company. The DuPont analysis might provide guidance as to what particular areas of the company should be examined next and what ratios should be calculated. Be sure to include ratios that cover the following areas:
i. Profitability
ii. Debt Management
iii. Liquidity
iv. Asset Management
v. Market Value
In addition to the DuPont analysis ratios, be sure to present and discuss at least six relevant ratios that your team feels may best assess the company’s performance.
Using an online database, such as bizstats.com or a similar database, capture the ratio averages for your company’s industry to evaluate your company’s performance.
Provide an analysis that compares your company’s ratios to the industry standards. There is no need to explain the purpose of the ratios. Rather, be sure to provide an interpretation of the results. This may entail some research from news sources on the company’s recent performance.
URGENT: NEED ANSWER ASAP
PLEASE RESPOND WITH COPY AND PASTE, NOT ATTACHMENT USE ORIGINAL CONTENT NOT USED BEFORE ON CHEGG
PLEASE ANSWER THROUGHLY TO ALL ANSWER TO BEST ABILITES ORIGINAL SOURCE NEVER USED BEFORE!!!
There is no additional information for it, you can wing it and just answer the best way you can, I'll take that.
In: Finance
In: Accounting
Chapter 18
1Mr. De Cat is the CEO of an oil company. If he decides to drill, he will drill only one well. He believes the outcomes of the drilling are
Dry Well $0
Small Amount Large Amount
$25 Million $60 Million
It costs $ 10 million to drill a well. Mr. De Cat’s u-curve is
u1x2 = 56.37*x - 324.5
Mr. De Cat asks the company geologist to assess the probabilities of each possibility. The geologist says this assessment depends on whether or not a dome exists. The geologist says there is a 0.7 chance that a dome does exist. He also provides Mr. De Cat with the following information:
5Dry Hole兩Dome, &6 = 0.5 5
Small amount of oil 兩Dome, &6 = 0.3 5
Dry Hole兩No Dome, &6 = 0.7 5
Small amount of oil 兩 no dome, &6 = 0.25
a. What is Mr. De Cat’s certain equivalent for this drilling site?
b. What is the value of information on the presence of the dome?
c. What is the value of information on the amount of oil present?
In: Statistics and Probability